Toyota, Honda praise Obama’s new proposal on fuel-economy regulations

Toyota and Honda are both praising President Barack Obama’s proposal for new fuel-economy regulations. Of course, we’re guessing that’s because they are at an advantage compared to their American rivals. Toyota gave Obama high praise for promoting technology to boost fuel-economy and reduced emissions.

“Toyota will speed up in pursuing various ecological technologies, including hybrid technology, to deliver better mileage in vehicles,” the maker of the 50 mpg 2010 Toyota Prius said in a statement.

Honda expressed a similar praise saying “We will embrace it.” The no.2 Japanese automaker rivals Toyota’s 2010 Prius with the new Honda Insight hybrid, which gets an EPA rated fuel-economy of 40/43 mpg (city/highway).

Obama announced a new proposal on Tuesday calling for an average fuel-economy 35.5 mpg by 2016.

– By: Kap Shah

Source: Detroit Free Press